trade energy sector to hold 24 hour strike in the energy sector from 19:00. 21:00 cet. >>> coming up next, bae major shareholder throws something in the works. we'll have the details. >>> world bank has slashed its growth outlook for china and developing asia. the british chancellor has told cnbc the uk is getting it it right when it comes to tackling debt and will announce more spending cuts within the hour. plus the b chlt e aae and eads on on a knife edge. bigger shareholder opposes the deal. and we'll talk about that now. bae biggest shareholder invesco has said it has significant reservations about a tie up with the eads. it cited concerns the merger could backen bae's position in the united states. over the weekend, phillip hammond said it could veto any planned merger. hammond said the uk will block the deal if the french or german governments have too much of a controlling stake in the new firm. joining us for more is patricia in frankfurt. significant really, more likely to get done or more likely not? >> at the moment it seems that the stumbling blocks are more than we can